Pip_Alchemist
Short

GBPJPY SHORT AROUND 179.60

FX:GBPJPY   British Pound / Japanese Yen
167 0 1
The chart speaks for it self so this will be brief.

Since price formed a double bottom on the 200SMA it is safe to assume the potential for a triple top W formation pattern. I have mapped out a Supply Zone where price can Potentially Reverse (PRZone).

The Supply Zone ranges between 180.90 and 179.85. Here I believe lay the short orders of the big boys. If this zone is breached then this analysis is incorrect!
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